Meanwhile, the S&P 500 climbed 4.9%.
While no longer in bear market territory, it is still the worst December for U.S. markets since the height of the Great Depression in 1931.
President Donald Trump said on Tuesday partial shutdown of the U.S. federal government, which has entered the fifth day, will last until his demand for funds to build a wall on the U.S. -Mexico border is met.
CHINA PROFIT DECLINE: Profits at major Chinese industrial companies fell in November for the first time in three years amid an economic slowdown and trade tension with Washington. The indexes are rebounding from steep losses before the Christmas holiday. And, while government debt yields rose on Wednesday, they were up from low levels. Brent crude, used to price global oils, lost 4.2 percent to $52.16 a barrel in London.
"It was probably a pretty good retail-oriented holiday and that probably has a lot to do with what's happening today", said Kim Forrest, a senior portfolio manager at Fort Pitt Capital Group.
"Investors will likely go for low [valuation] names because they could get into the market that way without getting into trouble".
Stocks are looking to stop one of the most miserable Decembers on record, as a host of headwinds combined to drag down America's benchmark index.
CNBC noted, "Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 4.4 percent". Hong Kong's Hang Seng advanced 0.2 percent to 25,531.63 and Seoul's Kospi added 0.6 percent to 2,040.76.
Perrigo lost 5.7 percent to $38.39, one of the big decliners in the health care sector. The data came from Mastercard SpendingPulse in a press release aptly datelined Purchase, New York.
A headline appeared on a television screen on the floor of the New York Stock Exchange, Wednesday.
Energy stocks also rebounded as the price of USA crude oil posted its biggest one-day gain in more than two years. On the whole, it's been a turbulent month - the market remains on track for its worst December since 1931, during the depths of the Depression, and could finish 2018 with its biggest losses in a decade.
It also seems like Wednesday's increased appetite for riskier assets helped oil.
Bank stocks fell along with Treasury yields. For illustrative purposes only. Despite pockets of poor weather including a cold Black Friday morning on the East Coast, total apparel sales grew at the fastest rate since 2010, notching a gain of 7.9% over 2017, according to the report. Consumers boosted their spending this holiday season. Home furniture and furnishings sales grew 2.3%.